Overview
What is Provident Holdings Inc?
Provident Holdings Inc is a company formed with a specific purpose: to manage undeveloped property on behalf of its sole corporate member, Pine Valley Golf Club. This New Jersey-based organization, which is tax-exempt under Section 501(C)(7) of the Internal Revenue Code, holds the title to the property and distributes any income generated from it to Pine Valley Golf Club. The income generated from this property is used to support the operations and activities of the golf club. Provident Holdings Inc's role is crucial in ensuring the financial stability and maintenance of the property for the benefit of Pine Valley Golf Club.
Is Provident Holdings Inc legitimate?
Provident Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Provident Holdings Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Provident Holdings Inc?
Provident Holdings Inc was established with the primary purpose of holding title to undeveloped property on behalf of its sole corporate member, Pine Valley Golf Club. Pine Valley Golf Club is a tax-exempt organization as per Section 501(C)(7) of the Internal Revenue Code. The main function of Provident Holdings Inc is to manage this property and any income generated from it is then transferred to Pine Valley Golf Club. The organization does not have a traditional mission statement in the sense of promoting social or charitable causes, but rather serves as a property holding entity for its corporate member.
Who is the CEO of Provident Holdings Inc?
Charles Raudenbush is the President & Treasurer of Provident Holdings Inc.
What is the revenue of Provident Holdings Inc?
Provident Holdings Inc's revenue in 2022 was $0.
Who are the executives of Provident Holdings Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $359,770
- Other: $298,838
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Provident Holdings Inc?
Provident Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Provident Holdings Inc
Provident Holdings Inc, a holding company, was established with a specific purpose. Its mission is to serve as a trustee, holding title to undeveloped property on behalf of its sole corporate member, Pine Valley Golf Club. Pine Valley Golf Club is a tax-exempt organization, categorized under Section 501(c)(7) of the Internal Revenue Code. The role of Provident Holdings Inc is to generate any income that the property might produce and subsequently transfer it to Pine Valley Golf Club. Essentially, Provident Holdings Inc acts as a steward of the property, managing its title and overseeing any financial gains, all in support of its affiliated organization, Pine Valley Golf Club.
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Impact
October, 2024
Provident Holdings Inc plays a crucial role in managing and maintaining undeveloped property for Pine Valley Golf Club. By holding title to this property, Provident ensures that the assets are safeguarded and that any income generated is directed to the club. This arrangement not only supports the operations of Pine Valley Golf Club, which is a tax-exempt organization, but also contributes to the overall enhancement of the community. Through its activities, Provident Holdings Inc fosters local engagement, preserves green spaces, and aids in the financial sustainability of Pine Valley Golf Club, which ultimately benefits residents and visitors alike.
This information is meant to be a general summary of Provident Holdings Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
Assets and Liabilities:
- Total Assets: $241,173
- Total Liabilities: $0
- Net Assets: $241,173
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Organization Details
Founding Year
2007
Phone
(856) 783-3000Principal Officer
Charles Raudenbush
Main Address
C/O PVGC 1 EAST ATLANTIC AVE, PINE VALLEY, NJ, 080210800
NTEE Category
Code: S470 - Community improvement
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